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3457 S Chaparral Road Apache Junction, AZ 85119

3 Beds 2 Baths 1,207 sqft Built 2002

$245,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $202.98
  • 2 Days on Market
  • MLS # : 6168198
  • Updated Date : 12/05/2020 at 12:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,207 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

This charming home sits on a corner lot and features an open floor plan great for entertaining. The kitchen has newly finished counters, oak cabinets, black appliances and tile flooring. New carpet and paint throughout make this home light and bright! The private backyard has a covered patio and south exposure, ideal for enjoying our beautiful AZ weather. The community features a pool and low HOA dues as well as conveniently located to US 60 freeway access. Hurry and check this one out today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Apache Junction

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Peralta Trail Elementary School Primary Regular 443 25 8
Peralta Trail Elementary School Middle Regular 443 25 8
Apache Junction High School High Regular 1,304 69 3

Peralta Trail Elementary School

  • Education Level: Primary
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Peralta Trail Elementary School

  • Education Level: Middle
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Apache Junction High School

  • Education Level: High
  • # of students: 1,304
  • # of teachers: 69
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$904
Property Tax -$131
Property Insurance -$51
HOA -$65
Property Management Fees -$99
CASH FLOW
-$40

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$245,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,603

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,210

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,304

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,2503$1,3004$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 3457 S Chaparral Road Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $1.00
    •  
  • 1515 E 28th Avenue Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1999
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.10
    •  
  • 2094 E 28th Avenue Apache Junction, AZ 3
    • 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 2007
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.07
    •  
  • 1050 E Santa Cruz Lane Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 1007 E Estevan Avenue Apache Junction, AZ 5
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1982
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.11
    •  
PROPERTY LISTING DETAILS
Bret Johnson
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168198
Last Updated: 12/05/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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